Lee Munson: Not Peak FANG Yet

Munson said as the acronym for tech stocks gets longer, it's time for investors to take a pause.
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With Netflix's (NFLX) - Get Reporttumble and Google's (GOOGL) - Get Report$5 billion fine this week, investors have been wondering if it's the peak for FANG stocks, and Portfolio Wealth Advisors' Chief Investment Officer Lee Munson believes in another six to 12 months shareholders will see if there is still room to run or whether FANG will start to plateau. 

"Everyone loves Amazon (AMZN) - Get Report , but here's the thing, the acronym is getting longer," Munson told TheStreet. "We have [FANG] plus BAT on it, and now we've started to bring in the international crowd."

Munson is referring to Chinese tech giants Baidu Inc. (BIDU) - Get Report , Alibaba Group Holding Ltd. (BABA) - Get Report and Tencent Holdings Ltd. when mentioning the acronym BAT.

"I think as that alphabet soup gets longer, I think you have to take pause," Munson said.

Amazon and Alphabet are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells AMZN or GOOGL? Learn more now.

Tired of FANG stocks? Head over to Real Money for Jim Cramer: 6 Stocks That Mr. 'Anti-FANG' Loves and for a look at all things charts, our Bruce Kamich take a look at Where Can FANG Stop? A Stock by Stock Look at the Charts and Indicators.

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